Steel prices as a whole plummeted production to accelerate the decline in exports caused by oversupply

- Mar 26, 2019-

Steel prices experienced short-term gains after the state announced the removal of all steel in the first half of the year and increased efforts to increase production capacity, and then began to remain lower, according to 21 reports. As of April 11, the price of billet in Tangshan area of Hebei province is about 2900 yuan per ton, compared with the level of 3300 yuan per ton on March 19, the decrease of more than 10%. 

Over a period of about three weeks, the price of hot rolls and iron ore fell even by about 20%. The emergence of the above situation, with enterprises to speed up production, but the decline in steel exports is obvious, the overall oversupply is related.